The 20 Biggest Real Estate Moguls In New York City

Real estate investment has long been the playground of the
wealthy, with top developers becoming some of the richest people
in the world.

Today wealth intelligence firm
Wealth-X released data on the top 20 real estate moguls in New
York City, ranked according to their personal net
worth.

Richard LeFrak, chairman, CEO, and president of LeFrak
Organization, leads the list with a net worth of $4.9 billion.
LeFrak's family has invested in New York real estate for more
than a century, but he recently expanded his portfolio to include
properties in Washington, Oregon, and California. His company
owns LeFrak City, a 5,000-unit apartment unit in Queens, in
addition to 16 million square feet of commercial and residential
property in Newport, N.J.

Leonard Stern of Hartz Group was second with a net worth of $4.1
billion, while Stephen Ross of The Related Companies came in
third with $3.6 billion.

Wealth-X Research uses a proprietary valuation model to assess
all asset holdings, including privately and publicly
held businesses and
investible assets.